Higher education impossible for most?
 One
of the most dramatic cost increases in our economy over the
last decade has been in post-secondary education, where fees
have more than doubled. Some studies show that the cost of
a 4-year undergraduate degree could grow to well over $100,000
over the next 15 years, or even sooner.
This is a serious problem for many young people, because
a post-secondary education is one of the most important factors
in achieving success in life.
Education has always opened doors. But in recent years, as
society relies more and more on technology, the demand for
workers with advanced education and skills training has increased
dramatically.
Over a recent 7-year period, jobs requiring post-secondary
education increased by more than 1,800,000. During the same
time, jobs not requiring higher education fell by more than
1,000,000. That is an enormous shift.
A university graduate makes nearly double a high school graduate.
And much more than double of someone who did not graduate
from high school.
Given these kinds of statistics, there is no doubt that
saving for your children’s education is essential.
The question is what is the best way for you to do it. We’ll
look at some of the options you have in this section.
Important information about our financial planning services can be found at the bottom of our
homepage.
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